$13,800

3 Beds   1 Bath   986 Sq. Ft.
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E Chicago Ave
Pontiac, MI 48340

*Rental Value Coming Soon

Overview

This is located at E Chicago Ave, Pontiac, MI 48340. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time. It has 3 Beds, 1 Bath , 986 sqft of living space.
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Status: Inactive
Listing ID: 37756947
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Learn about E Chicago Ave in Pontiac, MI

This property is available as a foreclosure at E Chicago Ave. It has 3 bedrooms, 1 bathrooms, and 986 square feet of living space. Based on our analysis of the current market conditions in Pontiac for E Chicago Ave and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at E Chicago Ave are updated daily along with others in Pontiac, Michigan.


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Plus with taxes and insurance

Based on 20% down, 30 year mortgage, with 5% APR

Principal
Interest
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Total Monthly Ownership Cost

All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependant on credit scores, loan timeline, and a down payment amount.

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Property Information

  • Price: $13,800
  • Bedrooms: 3
  • Bathrooms: 1
  • Living Area Size: 986
  • Total Rooms: 5
  • Style: Ranch
  • Parking: Garage
  • Year Built: 1956
  • Additional Information: FHA Financing: IE (Insured Escrow), 203K Eligible: Yes, Repair Escrow: $2,860.00, Escrow Information: Review PCR for Repair Escrow Items
  • Source ID: 261-943138
  • Day(s) On Site: 4117
  • Appraised Value: $13,800
  • Input Date: 12-19-2012

HUD Home

Purchase this incredible HUD home with a low down payment! U.S. Department of Housing and Urban Development (HUD) is a federal agency that insures mortgages to homeowners through its Federal Housing Administration (FHA). Therefore, when banks foreclose on HUD-guaranteed mortgages, the government agency acquires the properties and often offers them for sale at super low prices to the public. HUD houses are among the very best deals in real estate today and, accordingly, don't last long on the market. Act fast!

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:

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Homes On This Street
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E Chicago Ave
Pontiac, MI 48340

3 Beds   1 Bath   986 sq. ft.

$13,800

Status: Inactive Listing ID: 37756947

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